3 months ago
5
Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public journalism.
FCT, Abuja - There was rowdiness at the house of representatives on Wednesday, July 31, over the ways and means bill.
As reported by The Punch, the debate among the federal lawmakers centred on a bill seeking to raise the ways and means of cash advances from the Central Bank of Nigeria (CBN) from five per cent to 10 per cent.
'Ways and means' in the Nigerian context occur when the federal government obtains loans from the CBN.
In February, senators lamented that the ways and means approved by the 9th national assembly plunged the nation into economic crisis and indebtedness. Presently, Nigerians are grappling with deteriorating living standards and increased economic hardships and some of them have threatened to protest, starting Thursday, August 1.
During plenary on Wednesday, July 31, opposition party members staged a walkout after an amendment by Kingsley Chinda, the minority leader, that the ways and means be reduced to two percent was rejected, The Cable noted.
Watch the discourse on the ways and means below:
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
More to come...
Source: Legit.ng
English (US) ·